Morgan Stanley Lowers Holdings in Boulder Growth & Income Fund Inc (NYSE:BIF)

Morgan Stanley trimmed its stake in Boulder Growth & Income Fund Inc (NYSE:BIF) by 2.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,324,417 shares of the closed-end fund’s stock after selling 56,991 shares during the quarter. Morgan Stanley owned 2.25% of Boulder Growth & Income Fund worth $21,385,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. D.A. Davidson & CO. lifted its stake in shares of Boulder Growth & Income Fund by 2.2% in the first quarter. D.A. Davidson & CO. now owns 90,415 shares of the closed-end fund’s stock worth $832,000 after buying an additional 1,962 shares in the last quarter. CSS LLC IL raised its holdings in Boulder Growth & Income Fund by 0.3% in the 4th quarter. CSS LLC IL now owns 733,035 shares of the closed-end fund’s stock worth $8,642,000 after acquiring an additional 2,102 shares during the last quarter. City of London Investment Management Co. Ltd. lifted its position in Boulder Growth & Income Fund by 13.5% in the 1st quarter. City of London Investment Management Co. Ltd. now owns 21,382 shares of the closed-end fund’s stock valued at $197,000 after acquiring an additional 2,546 shares in the last quarter. Cetera Advisor Networks LLC boosted its stake in Boulder Growth & Income Fund by 10.2% during the 1st quarter. Cetera Advisor Networks LLC now owns 29,172 shares of the closed-end fund’s stock valued at $268,000 after purchasing an additional 2,708 shares during the last quarter. Finally, UBS Group AG boosted its stake in Boulder Growth & Income Fund by 3.4% during the 4th quarter. UBS Group AG now owns 105,549 shares of the closed-end fund’s stock valued at $1,244,000 after purchasing an additional 3,496 shares during the last quarter. 12.39% of the stock is currently owned by hedge funds and other institutional investors.

BIF stock opened at $9.32 on Wednesday. Boulder Growth & Income Fund Inc has a 1-year low of $7.54 and a 1-year high of $11.99. The business has a fifty day moving average price of $9.50 and a 200-day moving average price of $10.33.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Thursday, July 23rd will be issued a $0.102 dividend. The ex-dividend date is Wednesday, July 22nd. This represents a $0.41 annualized dividend and a yield of 4.38%.

In other Boulder Growth & Income Fund news, major shareholder Lola Brown Trust 1B sold 906,998 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $9.54, for a total transaction of $8,652,760.92. 0.16% of the stock is currently owned by insiders.

Boulder Growth & Income Fund Profile

Boulder Growth & Income Fund, Inc is a closed-ended balanced mutual fund launched and managed by Boulder Investment Advisers, LLC It is co-managed by Stewart West Indies Trading Co Ltd. and Rocky Mountain Advisers, Llc. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified industries.

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Institutional Ownership by Quarter for Boulder Growth & Income Fund (NYSE:BIF)

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